Is Shiba Inu coin a good investment?

[Gideon99]

For my own review Shiba Inu is one of the most popular crypto, whether is a good investment is a matter of debate. Shiba Inu has a strong support community and has seen significant price appreciation in the past years, and there is no guarantee that the price will continue to rise. You can do your research more and drop it here. Have you been following the update on Shiba Inu?

[salad daging]

No, so far I have left Shiba and have not followed the development so far because I have switched to other altcoins while for meme coins it has never been a consideration for investment but Shiba is still second to Dogecoin.

Have you done any research on this meme coin? I don't have any views on this if you suggest then I say no for now even though the previous few years have experienced a surge but that has been passed while now we never know what will happen up or will stagnate.

[Cryptsafe]

I long left Shiba Inu after I collected my profit. It is true that  the meme coin is very popular and have a good support base but you know what, the whales always take advantage of the support base to manipulate the market and keep enriching themselves at the detriment of the new investors and some are newbies with little or no experience making them feel crypto is a ponzi after they had bought high and price drops. This keeps repeating itself over and over again. To wrap it up, I am yet to see the real utility value and reasons why Shiba Inu is making such a wave in the Crypto space. If you have any idea, you can relate it here so we could be informed about it.

[Faisal2202]

For my own review Shiba Inu is one of the most popular crypto, whether is a good investment is a matter of debate. Shiba Inu has a strong support community and has seen significant price appreciation in the past years, and there is no guarantee that the price will continue to rise. You can do your research more and drop it here. Have you been following the update on Shiba Inu?

I am not a fan of memcoins, but back in the last bull run, when Shiba made people rich, I read that Shiba is expanding its domain in Gaming, and some other sectors as well, memecoin is so unpredictable until it has no real use case, but once it have it becomes easy for investors to analyse it and make profit out of it. If Elon is still interested in Shiba then there is no doubt that after halving when bull run will start.

He will make some tweets about Shiba that will pump it and might make more gains, but I am curious about those people who think Shiba can touch $1, because that's not possible at the moment for Shiba. I would prefer to invest in new upcoming memecoins like the one coming from AVAX, and SOL.

[gunhell16]

Well, in my opinion, maybe in other cryptocurrency communities they are negative about SHIB, but for me, I still want to hold it because somehow they are still developing, although at the moment it is a bit slow, but it is still there somehow.

You know that meme coins suddenly attack the market when Bitcoin is rallying, so I am pretty sure that it will not leave the bull run behind for sure. I can't even keep up, but I'm sure it will also rally. Especially when ETH rallies, of course all the coins that are under ETH will also be pulled by ETH in the end. That's what I see.

[RidwanMalik]

For my own review Shiba Inu is one of the most popular crypto, whether is a good investment is a matter of debate. Shiba Inu has a strong support community and has seen significant price appreciation in the past years, and there is no guarantee that the price will continue to rise. You can do your research more and drop it here. Have you been following the update on Shiba Inu?

From what I've observed before, Shiba Inu has a strong community, and you'll see people toss around the phrase 'the next Shiba Inu' to promote random shitcoins. This shows its potential and developing influence within the market. I think it's also got some connection to DOGE and a bit of that Elon Musk hype, y'know? But this doesn't mean you should automatically invest. You gotta watch out for whales manipulating the price and all that.

A funny fact is, I've actually seen someone getting paid in SHIB for doing some kind of crypto-related work!

But yeah, it's not financial advice, so please do your own research so you can trust your judgment and invest at your own risk.

[Cryptsafe]

For my own review Shiba Inu is one of the most popular crypto, whether is a good investment is a matter of debate. Shiba Inu has a strong support community and has seen significant price appreciation in the past years, and there is no guarantee that the price will continue to rise. You can do your research more and drop it here. Have you been following the update on Shiba Inu?

From what I've observed before, Shiba Inu has a strong community, and you'll see people toss around the phrase 'the next Shiba Inu' to promote random shitcoins. This shows its potential and developing influence within the market. I think it's also got some connection to DOGE and a bit of that Elon Musk hype, y'know? But this doesn't mean you should automatically invest. You gotta watch out for whales manipulating the price and all that.

A funny fact is, I've actually seen someone getting paid in SHIB for doing some kind of crypto-related work!

But yeah, it's not financial advice, so please do your own research so you can trust your judgment and invest at your own risk.

The community is what I really must commend. The Shiba armies are very numerous and strong.  They are always up and ready to do whatever it takes to promote Shiba to the global stage which they succeeded in attracting much bigger names to identify with Shiba.
I was still curious about the connection of Shiba that was why I had to make it clear on my previous comment to know the forces behind it and I have no doubt from what you have said, there is every possibility that the names you have mentioned are very much in connection amd fully linked up to Shiba Inu meme coin project. This I believe is amongst the reasons why this meme coin plummeted to the top position

[0t3p0t]

For my own review Shiba Inu is one of the most popular crypto, whether is a good investment is a matter of debate. Shiba Inu has a strong support community and has seen significant price appreciation in the past years, and there is no guarantee that the price will continue to rise. You can do your research more and drop it here. Have you been following the update on Shiba Inu?

Well since you mentioned Shiba Inu I don't see it as good or bad investment but if you really insist in doing so I highly suggest invest with caution as we all know that it is prone to pump and dump.

[Fivestar4everMVP]

In my opinion, if I have the opportunity of buying Shiba inu, I would buy it, simply because, I believe that with the coming bull run, Shiba inu is possibly one of those coins that may do very well in the market, due to its strong community backing, as well as the constant development in their ecosystem, I will happily invest in Shiba inu, along side other potential top meme coins like COQ inu, Coconut chicken (CCC), Kimbo, Kirby and so on.

It is speculated that the coming bull run will send everything up, so, I personally believe that there is little chance of a person making the wrong investment for the coming bull run, but still, we all have to do our own research and invest wisely.

[jeraldskie11]

As far as I know meme coins is a shitcoin, what I mean is that most them has no promises. Since there is no promises with it we should expect that the price will go down. But Shiba Inu is different, I know that it is a meme coin but it's impossible for the price to drop because there are many whales and institutions are invested in it, just like Dogecoin. But personally in terms of investment at this time, I would not consider this to be a good investment. Simply because the fact that it is still a meme coins, its already made an ATH and there are lots of investors who bought at the peak that are still holding these days. So if I were you, I will go with Bitcoin or top Alts.

[dwyane36]

As far as I know meme coins is a shitcoin, what I mean is that most them has no promises. Since there is no promises with it we should expect that the price will go down. But Shiba Inu is different, I know that it is a meme coin but it's impossible for the price to drop because there are many whales and institutions are invested in it, just like Dogecoin. But personally in terms of investment at this time, I would not consider this to be a good investment. Simply because the fact that it is still a meme coins, its already made an ATH and there are lots of investors who bought at the peak that are still holding these days. So if I were you, I will go with Bitcoin or top Alts.

In its early days, Shiba was also a shitcoin. However, now Shiba is one of the top alts with a market cap of $5,6 billion, i.e. it is firmly in the top 20. Nevertheless, I agree that investing in such a meme token may not be the best idea. Probably 5-8 times growth during the alt season is the maximum that can be expected from this token.

[hugeblack]

Shiba Inu is a cryptocurrency based on the promotion of being an alternative to dogecoin, or that investing in a type of cryptocurrency category called memecoins is a profitable investment in the long term. It was promoted extensively after what happened with Elon Musk and his pumping of the price of dogecoin. Therefore, before investing, you must understand 3 facts:


 - The price of the Shiba Inu will not increase and the reason for this is the large supply, which makes it a bad investment in the long term.
 - Short-term, high-risk investment: Since it is linked to promotion rather than being a serious project, its price will be pumped up once with an intense advertising campaign and then the price will collapse, it is suitable for short-term trading, which has high risks.
 - Do not be greedy: Their promotion model is based on greed, so do not be greedy and be satisfied with any profit you achieve, no matter how small.

[trendcoin]

I have terrible prejudices against memecoins. They have no purpose and they have an incredible supply. When I link my money to any memecoin, I feel weird and I ask myself, "God, what have I done?" I use Dogecoin when I have to transfer between exchanges because it's cheap to transfer money with it sometimes. I'm not closed to innovations and I like to follow the trend, but I find memecoins very pointless.

[SamReomo]

I have terrible prejudices against memecoins. They have no purpose and they have an incredible supply.

Yeah, those memecoins just exist due to the support that they get from community, otherwise they aren't useful at all. They basically got value and investors due to FOMO, and now the investors who bought it are holding them in order to regain their initial capital.

I would say that it's foolish to go with those coins if you really want innovation but if your main goal is to earn profits then those useless coins can sometimes give you good profits.

[ustcoin]

I have terrible prejudices against memecoins. They have no purpose and they have an incredible supply.

Yeah, those memecoins just exist due to the support that they get from community, otherwise they aren't useful at all. They basically got value and investors due to FOMO, and now the investors who bought it are holding them in order to regain their initial capital.

I would say that it's foolish to go with those coins if you really want innovation but if your main goal is to earn profits then those useless coins can sometimes give you good profits.

Meme tokens are community tokens yes but I bought a Babyrich token a year ago, their community looked great but now it's garbage.
I think meme tokens are an ocean where whales buy and sell very easily and multiply their money.
They do not have goals with very high demands. The Teslai token was launched on the Mexc exchange, but I did not have enough mathematical knowledge to read its offering. That's too much. I used to get angry because the kin tokens were 1 trillion, but the new ones start from quintillions and now I see the billion token amount as low.